Starting for the 2026 tax season, seniors aged 65 and older can claim an additional $6,000 deduction. Here are all the ...

Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced ...

A new deduction will lower the tax bill for many older Americans this year. Taxpayers, however, need to ensure they qualify and claim the deduction when they file their taxes this year.

A new tax deduction for senior citizens is kicking in this tax season, potentially providing bigger refunds to millions, the ...

Benjamin Franklin famously quipped that there’s nothing certain in life other than death and taxes. Any changes to the latter pique the interest of most Americans. As it does annually, the IRS ...